Stunning detached cottage

£500,000

3

Bedrooms

2

Bathrooms

1

Reception

Floorplan

Set in the beautiful village of Crowcombe, this pretty thatch cottage has everything you need for a family, and is close to the local primary school, village shop and post office. Within the village there is the local pub, plenty of scenic walks, and the stunning Crowcombe Court. Sunnymead is full of charm and character with a lovely homely feel. The solid Oak wood continues throughout the property which enhances the charm.

The accommodation briefly comprises

Ground floor

Entrance vestibule with wet-room, W.C and useful storage. The kitchen breakfast room is fitted with solid Oak cupboards and granite worktops, some appliance and a range-style cooker. In addition to the kitchen there is a useful utility room, a large sitting room with inglenook fireplace with enough room for a dining table, should you wish.

First floor

A solid Oak staircase takes you to the light gallery landing from which you access the master bedroom with en-suite bathroom, bedroom 2, bedroom 3, and the main bathroom.

Outside

Generous enclosed garden enjoys both a sunny aspect and privacy, with mature shrubs a tress. Within the garden there is a large summer house with porch, which would make a great area for barbequing, and another brick built shed, which has planning for an annexe. To the far side of the house. there is a large gravel set parking area to park 3-4 cars.

ACCOMMODATION

GROUND FLOOR

RECEPTION HALL: 3.98M X 2.55 (13 X 84)

KITCHEN: 3.93M X 7.09M (129 X 232)

UTILITY ROOM: 4.47M X 1.09M (147 X 36)

LIVING ROOM: 8.40M X 3.73M (275 X 122)

FIRST FLOOR

BEDROOM 1: 6.78M X 3.62M (222 X 119)

EN-SUITE:3.31M X 1.72M (108 X 56)

BEDROOM 2: 2.53M X 3.92M (83 X 128)

BEDROOM 3: 2.54M X 1.98M (83 X 65)

BATHROOM: 1.86M X 1.78M (61 X 58)

The council tax band for this home is band: D


Directions: what3words /// captures.celebrate.mint




Features
  • Freehold

Nearest Stations:

8.75 miles
Taunton
10.39 miles
Bridgwater
13 miles
Highbridge and Burnham
15.22 miles
Tiverton Parkway
18.8 miles
Barry Island

Mortgage Calculator

Your property may be repossessed if you do not keep up repayments on your mortgage.

Monthly Payment: £ 8,216.87

Monthly Payment: £ 8,216.87

Monthly Payment: £ 8,216.87

Amortization For Monthly Payment: £8,216.87 over 30 years ( Based on 3.20% Interest )

Return on Investment

£
£
£
£

Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 415200

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

£

Cost of Purchase

£
  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 12500
  • Survey Costs
    £ 400
  • Mortgage Fees
    £ 1,000

    Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Legal Fees
    £ 1,300

Adjust these figures

£

The refurbishment budget is set to 2.50% of the purchase price, but this will vary dependent on the suitability of the property for the rental market. Select a value that you feel is appropriate to the condition of the property.

£

This will vary between lenders, type of report and whether or not you are buying with a mortgage, for advice on which type of survey would be appropriate speak with an advisor from Preston Baker Financial Services.

£

Lenders will often charge a fees for the arrangement of a mortgage, for advice on what lenders may charge, speak with an advisor from Preston Baker Financial Services. Your home may be repossessed if you do not keep up repayments on your mortgage.

£

This is the sum of mortgage admin, land registry, search, bank transfer and any other fees incurred.

Purchase costs include assumed mortgage and survey costs which are estimated. For a quote contact a Preston Baker Financial Services mortgage advisor who can provide you with current and accurate information. The stamp duty calculation has applid the 3% stamp duty surcharge on the basis that this will be a second property.

Annual Costs

£ 40200
  • Mortgage Interest
    £

    The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Letting and Management Costs (Inc VAT)
    £
  • Letting Fee
    £
  • Maintenance
    £
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

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£
  %

This is the percentage of the rent that you will spend maintaining the property.

£

Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.

£

Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.

£

This is a standard, indicative figure only. Properties that have a service charge often have this included withing that charge. Please consult the Property Information Questionnaire for more information.

Total Profit

£
  • Final Equity Profit
    £

    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
    £

    Cumulative Rental Profit = Annual rental profit x Time of Investment

Adjust these figures

  %

This is the assumed rate of house price inflation.

Final Property Value

£

This is the property value at the end of the investment based on an assumed rate of % house price inflation.

Notes

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